Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Blue Company has a break even point of $62,000, total sales of $112,000, net income of $30,000, and fixed expenses of $16,000. What is Blue

Blue Company has a break even point of $62,000, total sales of $112,000, net income of $30,000, and fixed expenses of $16,000. What is Blue Company's Margin of Safety percentage? (Round answers to one decimal place.)

  • A. 28.6%
  • B. 44.6%
  • C. 166.7%
  • D. 41.1%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

40. Profits increased when workers saw the big picture.

Answered: 1 week ago

Question

What type of file is a MIDI file?A . AudioB. BinaryC. MP 3 D . Text

Answered: 1 week ago

Question

Solve the following 1,4 3 2TT 5x- 1+ (15 x) dx 5X

Answered: 1 week ago